ASML Reports Record 2024 Financial Results: €28.3 Billion in Net Sales and €7.6 Billion Net Income
ASML Holding NV (ASML), the global leader in advanced semiconductor manufacturing equipment, has announced its 2024 fourth-quarter and full-year financial results, showcasing record-breaking performance driven by strong demand for its cutting-edge lithography systems. The company reported €28.3 billion in total net sales and €7.6 billion in net income for 2024, reflecting robust growth and operational excellence.
Q4 2024 Highlights: A Quarter of Milestones
In the fourth quarter of 2024, ASML achieved €9.3 billion in total net sales, surpassing expectations with a gross margin of 51.7%. The quarter also saw net bookings of €7.1 billion, including €3.0 billion in EUV system orders, underscoring the continued demand for ASML’s state-of-the-art technology. Notably, the company shipped three High NA EUV systems during the quarter, recognizing revenue on two of them—a testament to its leadership in next-generation lithography solutions.
“Our fourth quarter was a record in terms of revenue,” said Christophe Fouquet, ASML President and CEO. “This was primarily driven by additional upgrades and the recognition of revenue from two High NA EUV systems. We also shipped a third High NA EUV system to a customer, marking another milestone in our technological advancements.”
Full-Year 2024 Performance: Setting New Records
ASML capped off 2024 with remarkable achievements, posting total net sales of €28.3 billion, a gross margin of 51.3%, and net income of €7.6 billion. These figures reflect steady growth compared to the previous year, with significant contributions from both new lithography system sales and Installed Base Management (IBM) sales, which reached €6.5 billion—a substantial increase from €5.6 billion in 2023.
The company sold 380 new lithography systems and 38 used lithography systems, demonstrating its ability to meet diverse market demands. Additionally, ASML’s end-quarter cash and cash equivalents surged to €12.7 billion, providing a strong financial foundation for future investments and innovation.
Outlook for 2025: Continued Growth Amid Market Dynamics
Looking ahead, ASML anticipates solid momentum in 2025, with Q1 net sales projected between €7.5 billion and €8.0 billion and a gross margin of 52%-53%. For the full year, the company expects total net sales to range between €30 billion and €35 billion, with a gross margin of 51%-53%.
“The growth in artificial intelligence continues to be the key driver for our industry,” noted Fouquet. “However, this shift is creating uneven benefits across our customer base, presenting both opportunities and risks as reflected in our 2025 revenue range.”
ASML plans to invest heavily in research and development, with R&D costs estimated at €1.14 billion in Q1 and SG&A costs at approximately €290 million. These investments will support ongoing innovations in EUV and High NA technologies, ensuring ASML remains at the forefront of semiconductor manufacturing.
Dividend Increase and Share Buyback Program Update
ASML has demonstrated its commitment to returning value to shareholders by proposing a total dividend of €6.40 per ordinary share for 2024, representing a 4.9% increase from the prior year. An interim dividend of €1.52 per share will be paid on February 19, 2025, with a final dividend proposal of €1.84 per share subject to approval at the General Meeting.
Additionally, while no shares were repurchased under the current 2022-2025 share buyback program in Q4, details of future transactions will be published on ASML’s website.
Leadership Insights and Upcoming Events
To provide further insights into the company’s performance and outlook, ASML has released a video interview featuring CEO Christophe Fouquet and CFO Roger Dassen, available on the company’s website. They will also host a press conference in Veldhoven on January 29, 2025, followed by an investor call later that day, offering stakeholders the opportunity to engage directly with ASML’s leadership.
Why ASML’s Performance Matters
ASML’s success is pivotal to the global semiconductor industry, particularly as demand for advanced chips accelerates due to AI, cloud computing, and other transformative technologies. With its unmatched expertise in EUV lithography and High NA systems, ASML is well-positioned to capitalize on these trends and drive long-term value for customers and shareholders alike.
For more information about ASML’s financial results, dividend policy, and upcoming events, visit www.asml.com.
